Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

OTTAWA, Ontario and BRAMPTON, Ontario, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and MDA Space (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that they have concluded a key phase in the Telesat Lightspeed low Earth orbit (LEO) constellation program with the successful completion of the spacecraft Preliminary Design Review (PDR). The PDR is a critical checkpoint i ...

Exhibit 99.1 TELESAT. TELESAT CORPORATION Quarterly Report For the Three Month and Nine Month Periods Ended September 30, 2024 PART I. FINANCIAL INFORMATION | Item 1. | Financial Statements | 1 | | --- | --- | --- | | Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 30 | | Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 61 | PART II. OTHER INFORMATION | Item 1. | Legal Proceedings | 62 | | --- | --- | --- | | Item 1A. Risk Factors | | 6 ...

Under the terms of a new agreement, SatixFy will design, develop, and supply Landing Station Baseband systems to Telesat, with deliveries taking place over a 28-month period. These systems will enable high-speed and efficient communication between the Telesat Lightspeed Low Earth Orbit (LEO) satellites and the Landing Stations. The Telesat Lightspeed constellation is designed to deliver global, high-speed, low-latency broadband connectivity for enterprise and government organizations. The total agreement am ...

LONG BEACH, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- APEX Expo -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced the signing of a Memorandum of Understanding (MOU) with Airbus SAS to collaborate on the integration of the Telesat Lightspeed low earth orbit (LEO) network within the Airbus HBCplus Ka-band solution portfolio. Airbus launched its HBCplus satellite connectivity solution as a supplier-furnished line-fit catalogue option and also ...

Telesat Corporation (NASDAQ: TSAT ) expects to receive significant demand for the company's Low Earth Orbit satellites, and has improved the broadband connectivity. The fact that governments, large corporations, and SpaceX signed agreements with TSAT could serve as a net sales driver. I I worked for several financial institutions in Europe almost all my life. I usually covered european, and american stocks for several clients in NY. I look for consistent earnings, and dividend growth. I avoid stocks without ...

OTTAWA, Ontario, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced the appointment of recently retired Brigadier-General G. Michael Adamson as the company's new Senior Director of Defence Strategy and Business Development. In this role, BGen (Ret'd) Adamson will work to expand and execute the government go-to-market and business development strategy for the Telesat Lightspeed low earth orbit (LEO) network, w ...

Core Viewpoint - Telesat's share price increased by 10.3% to $12.07, driven by a C$2.54 billion funding secured for its Lightspeed Low Earth Orbit (LEO) broadband satellite constellation [1][2] Group 1: Funding and Network Development - Telesat secured C$2.54 billion in funding from the governments of Canada and Quebec to advance its Lightspeed network [1] - The funding will be utilized for the Telesat Lightspeed network, which includes satellites, launch vehicles, and a global terrestrial network of landing stations [2] Group 2: Economic Impact and Job Creation - The Telesat Lightspeed network aims to enhance Internet and 5G reach in Canada, addressing the digital divide and generating high-quality jobs [3] - Telesat has increased its workforce by 33% over the past year [3] Group 3: Financial Forecasts - Telesat forecasts capital expenditures for the Lightspeed program to be between $1 billion and $1.4 billion in 2024, with the first satellite launches expected in mid-2026 [4] - The company anticipates a quarterly loss of $0.16 per share, reflecting a year-over-year change of +95.8%, with revenues projected at $104.19 million, down 20.2% from the previous year [4] Group 4: Market Position and Competitors - Telesat's consensus EPS estimate has remained unchanged over the last 30 days, indicating potential stability in stock price movements [6] - Telesat is part of the Zacks Satellite and Communication industry, alongside EchoStar, which saw a 9% increase in its stock price [6][7]

Core Insights - Telesat has secured funding agreements with the Government of Canada and the Government of Quebec for its Telesat Lightspeed Low Earth Orbit (LEO) broadband satellite constellation, marking a significant milestone in the project [1][2][3] Funding Details - The Government of Canada has provided a loan of CAD 2.14 billion with a floating interest rate of 4.75% above the Canadian Overnight Repo Rate Average (CORRA) and a 15-year maturity [2] - The Government of Quebec has committed CAD 400 million under similar terms, with warrants for 1.87% of common shares based on a valuation of USD 3 billion for Telesat LEO [2] Project Impact - Telesat Lightspeed is expected to bridge the digital divide by enhancing internet and 5G access in underserved communities globally, while also modernizing satellite communications for the Canadian government and contributing to NATO and NORAD modernization efforts [3][4] - The project is anticipated to create thousands of high-quality jobs in Canada and generate billions in economic investment [3][5] Workforce and Expenditure - Telesat has increased its Canadian workforce by approximately 33% over the past year and expects capital expenditures for the Telesat Lightspeed program to range from CAD 1 billion to CAD 1.4 billion in 2024 [4] - The first Telesat Lightspeed satellites are scheduled for launch in mid-2026, with over 90% of suppliers already selected for the program [4] Government Support - Canadian government officials emphasize the project's role in job creation, economic growth, and positioning Canada as a leader in the new space economy [5][6][7] - The investment aims to ensure high-speed internet access for all Canadians by 2030, highlighting the necessity of such connectivity in modern society [6]

Financial Data and Key Metrics Changes - In Q2 2024, Telesat reported consolidated revenues of $152 million, a decrease of $27 million compared to the same period in 2023 [6] - Adjusted EBITDA for Q2 2024 was $103 million, down $35 million from the previous year, with an adjusted EBITDA margin of 67.8% compared to 77.1% in Q4 2023 [6][7] - Operating expenses increased by $556 million, primarily due to higher wages, benefits, and consulting costs [7] - Net income for Q2 2024 was $129 million, significantly higher than $19 million in the same period last year, mainly due to a one-time recognition of C-band clearing income in Q2 2023 [8] Business Line Data and Key Metrics Changes - The revenue decrease was attributed to reduced services and a lower renewal rate from a North American direct-to-home customer, as well as lower revenues from mobility and Latin American customers [6][7] - Cash inflows from operating activities for the first six months of 2024 were $66 million, with capital expenditures of $334 million, mostly related to Telesat Lightspeed [8][10] Market Data and Key Metrics Changes - The company ended Q2 2024 with $1.4 billion in cash and approximately $200 million in borrowing capacity available on the revolving credit facility [10] - The total leverage ratio was reported at 5.6%, with Telesat in compliance with all covenants [10][11] Company Strategy and Development Direction - Telesat is focused on maximizing EBITDA and cash flow from its GEO activities while executing the Lightspeed program, which includes building out satellites and ground infrastructure [4][5] - The company is optimistic about concluding funding agreements with the governments of Canada and Quebec by the end of summer 2024 [3][4] - Telesat expects full-year revenues between $545 million and $565 million, with adjusted EBITDA projected between $340 million and $360 million [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the progress of the Lightspeed program and the company's ability to deliver value to customers and shareholders [5] - The management noted that while there are challenges, such as the restructuring of customer Xplore, the overall business is unfolding as expected [27][56] - The company is monitoring the situation with EchoStar closely, with expectations that they will find a way to continue payments due to the importance of the Nimiq-5 satellite [38][41] Other Important Information - Telesat has repurchased $262 million in debt at a cost of $120 million year-to-date, resulting in annual interest savings of approximately $55 million [11] - The company has spent approximately CAD 334 million on the Lightspeed project so far in 2024, with total CapEx expected to be between $1 billion and $1.4 billion for the year [9][23] Q&A Session Summary Question: Are negotiations on track for funding agreements? - Management confirmed that they expect to conclude the agreements in the next couple of weeks [13][16] Question: Update on DTH customer negotiations? - Management stated they are engaged with EchoStar for the Nimiq-5 satellite renewal, with expectations to reach a resolution soon [21][22] Question: Insights on CapEx guidance? - Management explained that the CapEx range reflects expected spending patterns, with significant expenditures in Q2 indicating the program is on track [17][19] Question: Concerns about EchoStar's revenue contribution? - Management indicated that guidance includes a range of outcomes for EchoStar, and they expect to maintain cash flow from the DTH business [38][39] Question: Update on Xplore's restructuring impact? - Management acknowledged the restructuring of Xplore and its impact on bad debt provisions, but they continue to recognize revenue from Xplore [27][51] Question: Any incremental bookings since the last earnings call? - Management stated there have been no significant new bookings, but engagement with prospective users remains strong [44]